Trulieve Cannabis Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags

Trulieve Cannabis (CSE:TRUL) Full Year 2023 Results

Key Financial Results

• Revenue: US$1.13b (down 8.9% from FY 2022).
• Net loss: US$429.6m (loss widened by 116% from FY 2022).
• US$2.27 loss per share (further deteriorated from US$1.06 loss in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Trulieve Cannabis Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 12%.

Looking ahead, revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Pharmaceuticals industry in Canada.

Performance of the Canadian Pharmaceuticals industry.

The company's shares are up 1.8% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for Trulieve Cannabis you should know about.

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